Interview

Prince of Tides

A longtime market observer charts a probable four-year cycle low in late 2006

An Interview With Walter Deemer -- It is his custom to blush, not boast. And he is as preoccupied with the health of his orange and grapefruit trees as he is with the state of the stock market. A sensitive man, indeed, is Walter Deemer. For 40-some odd years, this master of the delicate art of studying stock-market cycles has applied himself with singular devotion to understanding the secrets contained in such things as Fidelity sector funds, the relative-strength of various industry sectors as well as the habits of a certain species of speculator all in pursuit of the best possible strategies to position...